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It’s Good to Be Larry Summers

The New York Times dug through some new financial records to discover that Wall Street has been nearly as good to Larry Summers as Larry Summers is now being to

Jul 31, 2020
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The New York Times dug throughsome new financial records to discover that Wall Street has been nearly as good to Larry Summers as Larry Summers is now being to Wall Street.
Mr. Summers, the former Treasury secretary and Harvard president who is now the chief economic adviser to President Obama, earned nearly $5.2 million in just the last of his two years at one of the world’s largest funds, according to financial records released Friday by the White House.
Impressive as that might sound, it is all the more considering that Mr. Summers worked there just one day a week.
Now, of course, he’s a leading voice in Washington’s efforts to bail out the banks. Is there any wonder why the White House swooped into dilute Sen. Chris Dodd’s (D-Conn.) proposed limits on executive pay?
Dexter Cooke

Dexter Cooke

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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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